A blockchain is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block a timestamp, and transaction data (generally represented as a Merkle tree).
By design, a blockchain is resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.
A blockchain is, in the simplest of terms, a time-stamped series of immutable record of data that is managed by cluster of computers not owned by any single entity. Each of these blocks of data (i.e. block) are secured and bound to each other using cryptographic principles (i.e. chain).
So, what is so special about it and why are we saying that it has industry disrupting capabilities?
The blockchain network has no central authority — it is the very definition of a democratized system. Since it is a shared and immutable ledger, the information in it is open for anyone and everyone to see. Hence, anything that is built on the blockchain is by its very nature transparent and everyone involved is accountable for their actions.
Blockchain Technology the New Internet?
By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin the tech community has now found other potential uses for the technology.
What is OCB Blockchain Wallet?
It is almost impossible to find out how many people trade cryptocurrencies and how often they actually trade them. The reasons are following:
What is OCB Blockchain?
OCB Blockchain wallet is a longstanding Bitcoin, Ethereum, and other altcoin, is one of the website can be popular in the future.
OCB Blockchain also has a blockchain explorer that aims to help users understand the current status of Bitcoin including latest transactions and the number of transactions per day.
People love the easy-to-use layout, as well as the Blockchain is positive reputation. Well-liked for small transactions and regular payments.
What is the purpose of OCB Blockchain wallet?
OCB Blockchain wallet will provide users with many current features with many utilities for quick and safe transaction and payment purposes.
Like many services, OCB Blockchain has a fairly swift sign-up process. You only need to take a few steps and you’ll have access to your wallet. Simply input an email, choose a super strong password, and you’re ready to start receiving Bitcoin and other altcoin.
OCB payment card:
The payment card allows the cardholder to access to or benefit from services such as account inquiry, cash deposit, checkbooks order, funds transfers, etc. The services listed are provided by Banks through Automated Banking Machines (ABM) and they are not linked to the card itself. Funds transfer or checkbooks order can be accessed via other channels (Branch or Internet for example).
OCB has partnered with MasterCard/VISA to issue an OCB debit card that can be used for transactions worldwide.
OCB holders should be entitled to access fiat currency at any time.
The OCB debit card will be issued by MasterCard to ensure worldwide usability.
Crypto trading and Forex trading
2019 is forecasted to have $7.4 trillion in digital asset trading volume.
Katherine Wood, CEO of ARK Investment Management, revealed from her research that in 2018 there was $1.4 trillion in transaction volume on the Bitcoin blockchain.
Research and surveys from institutions such as the World Economic Forum (WEF), Deloitte and McKinsey, project that up to 10% of the global Gross Domestic Product (GDP) will be stored and transacted with the help of blockchain technology by 2025–27.
Based on extensive market sizing research on the future potential of Asset Tokenization, Finoa estimates that the tokenized asset market will be $24tn by 2027.
The interfaces of the OCB platform and wallet have been designed to facilitate the exchange, buying or selling of any assets in the system without the need for a complex or traditional process, It only takes a few seconds to complete a transaction.
OCB Blockchain will link and integrate extensively with partners who are retail chain owners and work closely with the bank to have the best, safest and most convenient payment system.
Crypto trading and Forex trading
In addition to trading services for wallet and blockchain cards. The OCB Blockchain has a variety of benefits from Crypto trading and Forex Trading by the AI System.
Crypto exchanges are truly winners in crypto markets racking up daily trading revenues ranging from $100K to >3-4M dollars.
OCB Trading Platform will be our flagship offering and is expected to be a primary driver of user acquisition.
The platform will initially focus on delivering the most value to high-end and more sophisticated traders who are looking for a user-friendly and yet professional trading platform.
By default, the interface will be connected to and powered by the OCB exchanges, but it could be used as standalone product that can easily integrate other exchanges and traditional brokers. When a user connects to another exchange, they will continue to leverage from the OCBTrader UX and UI.
What is the benefit of Forex trading?
Top 10 Benefits of Forex Trading
1. Largest financial market in the world
2. anyone can participate
3. High volume and liquidity
4. Nobody owns the market
5. You can trade the highs and the lows
6. it's open 24/5
7. no commissions on most accounts
8. low transaction costs
10. Risk-free demo account
What is the benefit of Forex trading?
The Forex market is the largest and most liquid of all the financial markets.
Liquidity is the ability of an asset to be converted into cash quickly and without any price discount. The Forex market's daily activity often exceeds $4-5 trillion USD a day.
Due to the high liquidity nature of the Forex market, the leverage amounts provided are one of the highest that investors can obtain. Leverage is a loan that is provided to the investor by a broker or bank.
Since the Forex market is an international OTC (over the counter) market, there is no physical, centralized exchange trading floor. Trading is conducted 24 hours a day across the globe electronically. Because of this, there are no expensive exchange fees associated with Forex trading.
The Forex market is always providing investors the potential for profits, regardless of where the market is currently trending.
Details of the OCB
|Total number of tokens||60,000,000|
|Token price||$0.05 - $0.9|
|Currencies accepted||BTC, ETH|
The OCB is used as a medium of payment and as an asset for trading crypto/fiat pairs as well as use with digitized Forex and stocks from a wallet.
The OCB token will be launched following the finalizing of several banking partnerships.
The OCB smart contract will hold OCB tokens.
Due to the current lack of strong publicly available and audited stable coin options, OCB has pursued establishing our own stable coin on the Ethereum network.
However, we will look at the evolution of Ethereum network following the implementation of various scalability solutions and if the newer Proof of Stake model does not significantly improve costs and scalability on the network then OCB will either use a different network such as EOS and/or will use an external stable coin solution if a strong option with real time audits.